Complete the table for a savings account in which interest is compounded continuously. (Round any dollar amounts to the nearest cent and all other values to one decimal place.) Amount After 12 Years Initial Annual Time to Investment % Rate Double 3% yr $5000.00

Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: A savings account deposit $2000 is to earn 3.5% compounded quarterly. Assuming there are no deposit…

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Q: Find the present value of amount. $2000 if interest is 6% compounded annually for 5 years

A: Compound interest formula is A=P1+rnt Where A=AmountP=Present valuer=interest raten=number of times…

Q: $5000 8% annually 4 years   A. Find how much money there will be in the account after the given…

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Q: Calculate the amount in an account at the end of one year if the account starts with the principal…

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Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: 15000 with an interest rate of 8% compounded monthly how long will it be until the account has a…

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Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: $700 is invested at 4.75% annual interest, compounded monthly. What is the balance after 25 years?…

A: The principal amount, P = $700 Rate of interest, r = 4.75% = 0.0475 The number of times interest…

Q: Brad invests $6,700.00 in an account paying 6% compounded monthly. How much is in the account after…

A: Given that Brad invests $6700.00 in an account paying 6% compounded monthly. Find how much is in the…

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

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Q: Find the compound amount for the deposit and the amount of interest earned. $2000 at 2% compounded…

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Q: You deposit $5000 into savings account that earns 0.6% compounded monthly. If you don't any…

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Q: Find the present value of amount. $10,000 if interest is 8% compounded semiannually for 6 year

A: Consider the given information as P=$10000, r=8% For semi annually n=12

Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

Q: Find the compound amount for the deposit and the amount of interest earned. $440 at 4.3% compounded…

A: $440 deposited for 13 years at the interest rate of 4.3% compounded semiannually .

Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…

Q: earned

A: Formulas are given below.

Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 years